THE SWYP BLOG

This is a reminder that all Proof of Claims must be sent back to the mailing address on the form no later than May 10, 2018. If you still need to submit a form, please carefully follow all instructions for submitting a Proof of Claim. All submitted claims will be vetted against existing Qvivr records.

To download the Creditor Notice and Proof of Claim form, please click this link HERE.

For any questions regarding the Proof of Claim form, please refer to the FAQs on our previous post HERE.

For any additional questions or concerns, please send us an email to support@swypcard.com and a customer support representative will get back to you as soon as possible.

Qvivr, Inc., the company that created the SWYP card, could not secure the financing required to continue operations. This is a notice for all SWYP card pre-order customers.

PLEASE TAKE NOTICE that on November 1, 2017, Qvivr, Inc. (“Assignor”), a Delaware corporation, as assignor, made a General Assignment for the Benefit of Creditors (the “Assignment”) to Qvr (an ABC) LLC (“Assignee”), a Delaware limited liability company, pursuant to Delaware state law. Please note that with the exception of the relationship created by the Assignment, and despite their similarity in name, Assignor and Assignee have no corporate affiliation to each other. Pursuant to the Assignment, Assignor transferred ownership of all of its rights in tangible and intangible assets (collectively, the “Assets”) to Assignee for liquidation. Assignee shall liquidate the Assets, wind down Assignor and distribute the net liquidation proceeds to creditors of Assignor who timely submit claims as instructed below. All submitted claims will be vetted against existing Qvivr records.

Frequently Asked Questions:

-No. We will accept your claim with as much information as you are comfortable providing. As long as your full name, shipping address, and amount due are provided, you should be fine.

When do I have to complete the form by?

-All Proof of Claims must be sent back by May 10, 2018.

Can I submit the form electronically?

-No. All Proof of Claims must be mailed to the addresses stated on the form.

Can I still submit a claim if I live outside the US?

-Yes. You can still submit a claim if you live outside the US.

I no longer have my confirmation receipt. Can I still submit a claim if I don't know my pre-order amount?

-Yes, you may still submit a claim.

If approved, when will I receive my claim in the mail?

-Payments cannot be made until the Proof of Claim process ends on May 10, 2018. Between now and then, the Assignee hopes to liquidate the Assignor’s assets in order to generate the funds to distribute to creditors of Assignor who timely submit Proof of Claim forms.

Dear SWYP Supporters,

As we head into summer, I would like to provide an update on SWYP and introduce you to the new product I alluded to in the winter update. As noted in that update, the transition to EMV (chip and signature) has been particularly challenging for the SWYP product, but I am happy with the new direction we have chosen. Your continued support is what keeps us going and we hope to delight you with the new product soon.

EMV Transition

As most of you know, the US transitioned to EMV towards the end of 2015. Roughly a third of merchants now require chip cards to be inserted instead of swiped. While the SWYP platform was designed to allow consolidation of EMV cards, the networks have been reticent to provide us the regulatory approvals to do so. This is not a technical problem. Issuers and networks do not benefit from SWYP the way customers (such as you) do, and are thus not supportive.

While our competitor is leading their customers on with the promise of consolidated EMV, I will be transparent with you in stating that it is highly unlikely that we (or our competitor) will get the regulatory approvals from network brands. It is a disappointing, yet pragmatic, conclusion our team has reached after more than 3 years of negotiations with these financial behemoths.

SWYP cards tested and ready to be shipped.

SWYP Status

We were hoping to commence shipments this month, but with the regulatory approvals not coming though, I regret to inform you that we have made the difficult decision of discontinuing the SWYP product. The team strongly felt that with 30% (and growing) of the merchants requiring EMV, the product experience would not live up to the original promise of seamless consolidation. In all honesty, we truly believed that we would be able to achieve what others in this space could not, and sincerely apologize for falling short.

But, all is not lost. We have been able to leverage the incredible technology developed for SWYP to create a new one-of-a-kind product. We are proud to announce that we have partnered with a bank in the US to bring this exciting new product to market in the coming months.

Introducing Hoot

Hoot is an uber-smart debit card backed by a powerful AI-based app that makes budgeting easier than ever. Hoot is a digital bank that uses advanced AI-based algorithms to help you manage your finances effortlessly, without ever having to step into a physical branch.

The Hoot Card is the first ever debit card that digitally displays progress and alerts related to your spending on the surface of the card. You can personalize the Hoot Card with any image of your choice through the convenience of the delightfully simple Hoot App.

We plan to launch the product next month with more details to come on www.hootbank.com.

As early supporters of SWYP, we will apply your pre-order to this new product and place you in front of the shipping list. As a token of our gratitude, we will also deposit the full pre-order amount back into your account after the first three months of using your Hoot Card. In short, the Hoot Card will be free for you!

If you have friends and family who may be interested in Hoot, please ask them to register their email addresses at www.hootbank.com. We will prioritize their orders ahead of everyone who orders after the public launch of the website next month. They may also be eligible for certain incentives available only to the earliest customers of Hoot.

If you choose not to continue the journey with us, you can apply for a full refund, no questions asked. Just fill out this form with your full name, order confirmation number, and original email address. We highly encourage you to apply for refunds by July 24, 2017. As you may have heard, our payment processor Tilt has ceased operations resulting in the refund process taking longer than usual. All refunds now have to be manually processed by our customer service agents via PayPal or mailed check and may take up to 6-8 weeks to process. We sincerely apologize for this inconvenience.

While we fell short of our goal, I am extremely proud of what the team has achieved in development of the SWYP product. It has been a long road for us all and we would not have made it this far without the continued support of our backers. We are really excited about Hoot and hope to delight you with its unique product experience shortly.

Dear SWYP Supporters!

We are pleased to announce the official launch of our SWYP app on iOS and Android! It is now available to download in the App Store and Google Play.

The SWYP app is an important part of slimming down your wallet and keeping your SWYP card organized. With it, you’ll be able to take your existing payment, gift, and membership cards, and transfer them over to your new SWYP card. But it does even more than that. From utilizing the latest in secure Bluetooth connectivity to displaying photo backups and barcodes, you’ll find the SWYP app has a lot to offer in addition to your new SWYP card. Check out some of the key features and uses for the app below.

Store photos of the front and back of cards; useful for drivers license, passport photos, gym cards, gift cards, etc.

Store barcodes of cards and key-tags, and use SWYP app to display when needed.

Use unique nicknames to differentiate cards.

Reorder cards in desired sequence, which correlates with the order on SWYP card.

A security pin code or Touch ID is required to access the SWYP app.

The SWYP app isn’t only for transferring your credit, gift, or membership cards to the SWYP card. You’ll also find it handy in many ways, including the following:

You’re ready to make an important purchase online but your wallet is in another room when it’s time to enter your payment information. Use the SWYP app to view your credit card numbers and security code to complete your purchase.

You’ve had an emergency situation and can’t find your insurance card. Get the important information you need by viewing photos of your card using the SWYP app.

You’re at the gym and they need to scan your card’s barcode to enter, but you’ve left it at home. Use the SWYP app to display and scan your barcode and get to your workout.

We would like to thank everyone again for their continued support. While the process took a little longer than we had originally anticipated, our team worked long and hard in order to ensure a completely sleek and easy-to-use app. We would love to hear any feedback or suggestions you may have about them. Send us a message to feedback@swypcard.comto let us know your thoughts. For any further questions or help using the SWYP app, visit the in-app help page, or send us an email to support@swypcard.com.

Greetings! We are pleased to inform you that we are just about to begin shipping the first batch of SWYP cards. Needless to say, we would not be here without you. We are truly blessed to have such an awesome community of supporters behind us. Thank you!

2016 is going to be a big year for SWYP, as we start shipping the product you have been patiently waiting for. I am grateful for your continued support and a special thanks to those of you who stopped by our booth at CES in Las Vegas.

Let me begin by wishing you and your loved ones a very happy holiday season. As I look back on the progress we have made on the SWYP card, I realize that what keeps us going is the ardent enthusiasm of our community of supporters – you! We are working extra hard over this holiday season to make sure we keep our commitment to ship a truly exceptional product.

Due to the overwhelming number of supporters on the wait-list and the limited number of Batch 2 cards, we cannot guarantee everyone on the wait-list a card. So, we encourage you to pre-order yours as soon as possible.

THE SUMMER BETA TESTING PROGRAM

Over Summer, we selected geographically dispersed testers in the US to participate in the SWYP Beta Testing Program. From May through October, SWYP cards were used at hundreds of locations across more than 15 cities. Our Beta testers used SWYP cards at Starbucks coffee shops, CVS pharmacies, Nordstrom stores, Safeway supermarkets, parking meters, NYC taxis and even at the top of One World Trade Center. We were delighted to see the SWYP card really be part of the daily lives of our testers for over 6 months.

We are so excited to share our progress with you! Over the past few months we started Beta testing the SWYP Cards and we are improving the product based on suggestions from our testers. We will be expanding our Beta program to more users in the upcoming weeks. If you are selected for our next round of Beta testing, we will be contacting you soon.

How to Spring Clean your Money in 30 Minutes:

Spring is finally here! Although enjoying the well-deserved sunshine can and should be on top of everyone’s to-do list, it’s also the perfect time to hit the refresh button on how you organize your money.

Since getting your money in order doesn’t have to be a struggle or even time consuming, we’re introducing the #SWYPclean challenge, a 30 minute way to clear literal and figurative financial clutter.

Here are a few easy ideas on how to #SWYPclean and get your money under control...